Inclusive Holdings (TSE:7078) Asset Turnover: 0.79 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7078 Inclusive Holdings Inc TSE:7078
59 GF Score
Price 円363.00
GF Value 円474.26
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Inclusive Holdings Asset Turnover?

Inclusive Holdings TSE:7078 +0.55% 59 Asset Turnover is 0.79 as of Mar. 2026. GuruFocus rates TSE:7078 with a GF Score™ of 59/100 and a GF Value™ of 円474.26 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Inclusive Holdings's Revenue for the six months ended in Mar. 2026 was 円2,618 Mil. Inclusive Holdings's Total Assets for the quarter that ended in Mar. 2026 was 円3,322 Mil. Therefore, Inclusive Holdings's Asset Turnover for the quarter that ended in Mar. 2026 was 0.79.

Asset Turnover is linked to ROE % through Du Pont Formula. Inclusive Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 8.66%. It is also linked to ROA % through Du Pont Formula. Inclusive Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 4.09%.


Inclusive Holdings  (TSE:7078) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Inclusive Holdings's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=135.836/1567.853
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(135.836 / 5235.022)*(5235.022 / 3322.257)*(3322.257/ 1567.853)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.59 %*1.5757*2.119
=ROA %*Equity Multiplier
=4.09 %*2.119
=8.66 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Inclusive Holdings's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=135.836/3322.257
=(Net Income / Revenue)*(Revenue / Total Assets)
=(135.836 / 5235.022)*(5235.022 / 3322.257)
=Net Margin %*Asset Turnover
=2.59 %*1.5757
=4.09 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Inclusive Holdings Asset Turnover Related Terms


Inclusive Holdings Asset Turnover Historical Data

* Premium members only.

The historical data trend for Inclusive Holdings's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Inclusive Holdings Asset Turnover Chart

Inclusive Holdings Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Asset Turnover
Get a 7-Day Free Trial Premium Member Only 0.63 1.10 0.99 1.08 1.28

Inclusive Holdings Semi-Annual Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.53 0.43 0.60 0.56 0.79

TSE:7078 vs APP, OMC, TTD: Asset Turnover Comparison

For the Advertising Agencies subindustry, Inclusive Holdings's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Inclusive Holdings Asset Turnover vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Inclusive Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Inclusive Holdings's Asset Turnover falls into.


TSE:7078
59GF Score
Inclusive Holdings Inc TSE:7078
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inclusive Holdings Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Inclusive Holdings's Asset Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=4569.198/( (3763.104+3373.206)/ 2 )
=4569.198/3568.155
=1.28

Inclusive Holdings's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=2617.511/( (3271.308+3373.206)/ 2 )
=2617.511/3322.257
=0.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.79 mean?
Inclusive Holdings (TSE:7078) has a Asset Turnover of 0.79 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Inclusive Holdings and its competitors.
Is Inclusive Holdings' Asset Turnover too high?
Inclusive Holdings' current Asset Turnover is 0.79. Overall, Inclusive Holdings has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inclusive Holdings' Asset Turnover compare to APP and OMC?
Inclusive Holdings' Asset Turnover of 0.79 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a Media - Diversified company?
A good Asset Turnover depends on the Media - Diversified industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Inclusive Holdings and its competitors. Inclusive Holdings's current Asset Turnover is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inclusive Holdings stock overvalued right now?
Based on GuruFocus' analysis, Inclusive Holdings (TSE:7078) is currently considered Modestly Undervalued. The stock's GF Value™ is 円474.26, compared to a current price of 円363.00 — trading 23.5% below its estimated fair value. The current Asset Turnover is 0.79. Inclusive Holdings' overall GF Score™ is 59/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For Inclusive Holdings (TSE:7078), the current Asset Turnover is 0.79 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Inclusive Holdings (TSE:7078) Overvalued in 2026?

Based on GuruFocus' analysis, Inclusive Holdings stock appears to be undervalued. The current stock price of 円363.00 is trading 23.5% below its estimated GF Value™ of 円474.26. GuruFocus considers Inclusive Holdings to be Modestly Undervalued.

Key valuation signals for TSE:7078:

  • Asset Turnover: 0.79
  • GF Value™: 円474.26 vs. price of 円363.00 (23.5% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the TSE:7078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inclusive Holdings Business Description

Address 4-1-1 Toranomon, Kamiyacho Trust Tower, Minato-ku, Tokyo, JPN
Inclusive Holdings Inc is engaged in providing web media management and monetization support, advertising and promotion planning, solutions using ad technology, and various consulting services related to media development and brand planning. The company develops web services for media companies such as TV stations and publishers. Its services include media management, ad operations, promotion planning, and engineering.
59GF Score

Get the complete analysis for TSE:7078

Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円363.00
Price
円474.26
GF Value